LONDON, UK – Media OutReach Newswire – 4 July 2024 – As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. UbitEx is redefining the landscape of crypto trading with its industry-leading AI technology and user-centric approach.
At the core of UbitEx’s success is its cutting-edge FlyLeopard AI technology. This intelligent aggregator processes real-time news, analyzes on-chain transaction strategies, and gauges market sentiment, providing traders with all the AI-driven insights they need to make the best decisions swiftly.
UbitEx is not only the world’s leading intelligent compliance financial service platform and the largest automated market-making comprehensive derivatives trading platform, but it also holds compliance licenses in the US, Canada, Australia, and more, with users from over 40 countries worldwide. UbitEx aims to exceed ten million platform users by the first quarter of next year. Additionally, UbitEx is actively expanding its ecosystem, including plans for the UB crypto bank card, RAW application public chain, AI quantitative fund, ETF fund, blockchain project incubation, customer service, and social systems, continually innovating to better serve its users.
Dual Token Staking: Exclusive Opportunities for UB Token Holders
UbitEx’s platform token, UB, is already listed on MEXC and Hotcoin. One of the most notable platform feature is dual token staking, a powerful tool for maximizing user returns.
Unlocks Lucrative Reward System and Launchpad Section
UbitEx has designed an exclusive Launchpad section for UB token holders, allowing users to participate in each new project launched on the platform, providing an excellent first-hand opportunity to profit.
By integrating innovative AI technology and providing UB token holders with exclusive opportunities, diverse financial products, and additional reward systems. For more information, please visit the UbitEx official website.
Hashtag: #UbitEx
The issuer is solely responsible for the content of this announcement.
About UbitEx
UbitEx is the world’s leading intelligent compliance financial service platform and the largest automated market-making comprehensive derivatives trading platform. Utilizing its patented FlyLeopard AI technology, UbitEx can analyze real-time news and market strategies to lower investment thresholds and maximize returns. As the first AI-friendly exchange, UbitEx focuses on enhancing every trader’s user experience with cutting-edge AI services. One of the platform’s most notable products is dual token staking, a powerful tool for maximizing user returns.
PARIS, FRANCE – Newsaktuell – 4 July 2024 – As many candidates for the French National Assembly scramble to thwart a right-wing election victory, global governance researchers have released a new report detailing how the core issues plaguing France have been decades in the making.
What majority in the French parliament will President Macron – seen here talking to supporters after casting his vote in Le Touquet in northern France on June 30 – have to work with in the future? The voters will decide this in the run-off election on July 7. (Photo by Ludovic Marin/AFP)
The surprise snap elections, called by President Macron after his centrist Renaissance party was crushed by Marine Le Pen’s far-right anti-immigration and eurosceptic party Rassemblement National (RN) in the European Parliament elections in May, have sent ripples of concern throughout Europe.
Macron’s controversial decision to dissolve the National Assembly, France’s lower house, betting that citizens would reject the prospect of a far-right government at home, backfired after RN captured 34 per cent of the vote during first round on June 30. A win by RN on July 7 would hand power to a far-right-wing party for the first time since Nazi Germany occupied France during the Second World War.
Now, with all efforts focused on creating a “Republican Front” to prevent Le Pen’s handpicked 28-year-old Jordan Bardella from becoming prime minister, researchers behind a new Berggruen Governance Index (BGI) report say that France’s current turmoil can be traced to unresolved issues bubbling beneath the surface.
In fact, the report says that despite recent missteps, Macron and France’s woes began long before the latest ballots were cast.
According to their report titled “When the Center Cannot Hold: Governance Performance and Political Backlash in France”, the researchers say the initial election outcome reflects an “alarming trend” of right-wing assurgency seen across Europe.
“France’s swing to the right reflects many characteristics of similar developments in other European countries, but also stems from some national particularities that reach back decades,” write the researchers from the Luskin School of Public Affairs at the University of California Los Angeles (UCLA), the Los Angeles-based Berggruen Institute and the Hertie School, a university in Berlin, Germany.
Indeed, France’s current predicament is certainly not evident when looking at BGI’s 2024 global assessment, which shows that France has “extremely high living standards by both global and European standards.” But its high ranking has helped mask deeply rooted social challenges that are feeding resentment and being expressed at the polls.
Economics, inequality, and migration
The researchers say that although France is very well positioned in terms of the quality of its democracy, government, and quality of life, a closer look reveals how the country’s “sluggish economic performance, persistent inequalities, and tensions around migration” have fuelled the right-wing’s assent. Should Marine Le Pen’s party prevail on Sunday and potentially take the presidency in 2027, the report says France’s governance rating would be threatened.
Although the report draws comparisons to similar developments seen in other European countries, it shows that some of France’s challenges are not new. Researchers point to how regional issues stemming from centralisation, ranging from extensive financial insecurity, the dominant political and economic power of Paris, and a struggle to achieve social upward mobility have led to increased right-wing support especially among 18-25-year-old youth.
The report refers to France’s longstanding tradition of protest to make a connection to the current political crisis. Looking to recent events, such as the year-long “yellow vest” movement in 2018-2019, which was sparked by the EU’s increased carbon price and led to widespread opposition to inequality, and the protests that grew out of Macron’s pension reforms, the French have never been shy to revolt against government action. However, the legislative elections show that the public’s calls for change remain unanswered.
A regional and economic focus must take shape
Beyond the second-round results, and the potential political fallout, there remains an Olympic-sized effort required to heal the problems that ill France. The report says that stemming the far-right tide is dependent on the French government taking seriously economic and social issues that drive regional inequalities. The report suggests that improving rural infrastructure and increasing regional decision-making autonomy are important steps needed to close the inequality gap.
When it comes to migrant communities, many of which are impoverished and cut-off from mainstream French society, not to mention the target of right-wing vitriol, the report states that more must be done to foster social integration and boost employment.
Forty years of industrial decline has shed over two-million jobs in concentrated regions, which has led to an economic spiral that has exasperated France’s wealth gap, the researchers say. According to the report, in 2021 10 per cent of households in France held 47 per cent of all wealth. And despite a strong welfare state, the poverty rate stubbornly remained at 13.3 per cent.
Even if Sunday’s vote does not result in a RN win, but rather a hung parliament, as many analysts are predicting, France will find itself mired in political deadlock. If that becomes the case, the ramifications threaten to spread beyond France’s borders, potentially affecting Ukraine’s efforts to counter Russia’s invasion and upend decisions at the EU level.
But BGI’s researchers point to longer-term concerns for France if action is not taken to address underlying inequalities.
They warn that if the growing equality gap is not properly addressed, France faces a vicious cycle of an emboldened far right that feeds on economic insecurity and social resentment but lacks the ability to solve them.
Two Named in Future Tech 100, Driving AI application and Global Opportunities
HONG KONG SAR – Media OutReach Newswire – 4 July 2024 – The “2024 World Artificial Intelligence Conference” (WAIC 2024) kicked off today at the Shanghai World Expo Exhibition and Convention Centre. Cyberport participated in the mega event for the second consecutive year, leading eight start-ups to showcase a diverse range of AI-driven solutions, spanning across IoT systems, large language models, image generators, virtual chatbots, sales intelligence and lead generation platform, as well as platforms for child development and Special Education Needs (SEN). Among them, two Cyberport incubated start-ups: Votee AI and YouToo Robot have been selected as the “WAIC 2024 Future Tech 100”, highlighting Hong Kong’s innovative strength and international competitiveness in the field of artificial intelligence.
Cyberport leads eight Cyberport community companies to participate in the “WAIC 2024 “.
The WAIC 2024, themed “Governing AI for Good and for All”, is held in Shanghai from July 4 to July 7. The conference aims to showcase the achievements of cutting-edge technologies, explore new opportunities for the development of artificial intelligence, and strive to create the world’s largest industrial ecological cluster. Cyberport is participating in the “Hong Kong Pavilion” set up by the Hong Kong Trade Development Council, providing a platform for local AI-related companies to showcase their innovative achievements to international markets, allowing companies to connect to the world and demonstrate Hong Kong’s strategic position as a global innovation hub.
Rocky Cheng, CEO of Cyberport, said: “Artificial intelligence has become a global priority for business, and Hong Kong is no exception. As a leading AI hub in Hong Kong, Cyberport is now home to around 200 start-ups and technology companies dedicated to AI and data science R&D and application. We are proud to have led eight outstanding companies to participate in the World Artificial Intelligence Conference, two of which were successfully selected into the ‘Future Tech 100’ to fully demonstrate the innovative strength and international competitiveness of Hong Kong and Cyberport companies in the AI field. Cyberport will remain committed to collaborating with the Government and industry to build a thriving AI ecosystem, foster technological exchange and bridge industry collaboration, and drive the adoption of AI technologies to create greater economic and social benefits for Hong Kong.”
To promote comprehensive exchanges and cooperation in the field of artificial intelligence, this year’s WAIC specially set up the “Future Tech 100 Innovation Incubation Exhibition Special Zone” to select innovative projects with practical applications or potential for industrialization in the near future. Four Hong Kong companies have been selected into the “WAIC 2024 Future Tech 100” in recognition of their forward-looking solutions, potential growth and commercial value, two of which are Cyberport incubated start-ups: Votee AI and YouToo Robot.
Votee AI, specializing in the use of artificial intelligence and machine learning technologies for marketing research, launched a self-developed Cantonese Large Language Model in June this year to help organizations integrate generative AI with Cantonese capabilities. Additionally, the company offers solutions including Business-to-Consumer (B2C) market research, plug-in Software Development Kit (SDK), social listening and beyond for enterprises.
As for Youtoo Robot, it has developed application software for smart industrial robots to break through the technical threshold in the related fields, enabling customers without professional coding backgrounds to control the operation of robotic production line themselves. Through the use of 3D model libraries and smart templates, it allows enterprises to master automation with the ability to reprogram robots independently, rectify the robotic production lines and extend the life cycle of smart production lines to cater to the iterations of products, and foster smart transformation in the manufacturing industry.
The WAIC 2024 is co-hosted by the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Cyberspace Administration of China, the Chinese Academy of Sciences, the Chinese Academy of Engineering, the China Association for Science and Technology and the Shanghai Municipal Government from July 4 to July 7 in Shanghai. This year, Cyberport leads eight Cyberport community enterprises engaging in artificial intelligence-related businesses to participate, presenting Hong Kong’s potential start-ups and their achievements in innovation to the world. (Please refer to the attached table for details of participating startups).
As a leading artificial intelligence hub in Hong Kong, Cyberport is fully committed to establishing Hong Kong’s first large-scale AI Supercomputing Centre (AISC), with the first phase facility expected to start operating within this year. The computing power of the supercomputing facility is expected to reach 3,000 petaFLOPS when fully operational, equivalent to processing nearly 10 billion images in one hour.
The HKSAR Government announced the allocation of HK$3 billion in the latest Budget to support universities, research institutions and enterprises to leverage the computing power of Cyberport’s AISC. The relevant facility will enhance Hong Kong’s R&D capabilities in various area such as life and health technology, AI and data science, advanced manufacturing, and new energy technology. It will attract start-ups and research talents from the Mainland and abroad, adding to Hong Kong’s strengths in basic research and internationalization.
Additionally, Cyberport is committed to building a comprehensive ecosystem of AI technology, including computing infrastructure, basic/vertical/specialized large-scale model construction etc., and introducing System Integrator. With more than 200 start-ups specialising in the R&D of AI and big data, and with successively signed MoUs with leading companies, including Cisco, Baidu, Huawei, etc., Cyberport helps propel research, innovation and application of artificial intelligence across industries and create a comprehensive ecosystem for the development of AI technology and industries.
Hashtag: #Cyberport #AI #WAIC2024
The issuer is solely responsible for the content of this announcement.
About Cyberport
Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,000 members including over 900 onsite and over 1,100 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in public and private sectors. For more information, please visit http://www.cyberport.hk.
LONDON, UK – Media OutReach Newswire – 4 July 2024 – In the rapidly evolving world of cryptocurrency, finding a platform that combines innovative technology, compliance and security, and profitability is crucial for every trader. As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. Founded by Alex Sandro, a Cambridge University graduate, UbitEx is redefining the landscape of crypto trading with its industry-leading AI technology and user-centric approach.
Leading the Way in Trading, Committed to Lasting Innovation: UbitEx – A Game-Changer in AI-Driven Crypto Trading
At the core of UbitEx’s success is its cutting-edge FlyLeopard AI technology. This intelligent aggregator processes real-time news, analyzes on-chain transaction strategies, and gauges market sentiment, providing traders with all the AI-driven insights they need to make the best decisions swiftly. FlyLeopard’s patented technology won the AI Hackathon Technical Contribution Award in 2021, proving its impact and potential in the crypto trading arena.
UbitEx is not only the world’s leading intelligent compliance financial service platform and the largest automated market-making comprehensive derivatives trading platform, but it also holds compliance licenses in the US, Canada, Australia, and more, with users from over 40 countries worldwide. UbitEx aims to exceed ten million platform users by the first quarter of next year. Additionally, UbitEx is actively expanding its ecosystem, including plans for the UB crypto bank card, RAW application public chain, AI quantitative fund, ETF fund, blockchain project incubation, customer service, and social systems, continually innovating to better serve its users.
Dual Token Staking: Exclusive Opportunities for UB Token Holders
UbitEx’s platform token, UB, is already listed on MEXC and Hotcoin. One of the most notable platform feature is dual token staking, a powerful tool for maximizing user returns. This product supports arbitrary currency combinations with UB, with the platform automatically staking the investment and UB assets proportionally. If both currencies appreciate simultaneously, the estimated maximum yield could reach 108,300%. Additionally, UbitEx guarantees that as long as UB’s price does not fall below 0.00087 USDT, users’ principal investments will not incur any loss, providing optimal principal protection.
UbitEx also offers a range of financial products to meet users’ diverse trading and investment needs. You can choose from various investment periods – 15 days, 30 days, 90 days, and 180 days – each designed to enhance trading flexibility and maximize returns. For instance, if you invest 5000 USDT and 5000 UB tokens with an initial UB value of 1 USDT, your total return could reach 14,400 USDT after 180 days; if UB appreciates to 20 USDT at maturity, you could earn up to 288,000 USDT, excluding interest in the holding.
Unlocks Lucrative Reward System and Launchpad Section
In addition to direct investment opportunities, UbitEx offers a straightforward reward system. By inviting others to join the platform, users can earn 15% of the net profit from directly invited users’ investments and 10% from indirectly invited users’ investments. This reward structure provides an additional attractive source of profit. Furthermore, UbitEx has designed an exclusive Launchpad section for UB token holders, allowing users to participate in each new project launched on the platform, providing an excellent first-hand opportunity to profit.
It’s evident that UbitEx can truly help users seize key profit opportunities. By integrating innovative AI technology and providing UB token holders with exclusive opportunities, diverse financial products, and additional reward systems, UbitEx allows traders to continually explore new ways to enhance their future profit potential and stand out in the dynamic crypto trading landscape. To start earning now, visit and register the UbitEx platform to explore limitless possibilities. For more information, please visit the UbitEx official website.
Hashtag: #UbitEx
The issuer is solely responsible for the content of this announcement.
About UbitEx
UbitEx is the world’s leading intelligent compliance financial service platform and the largest automated market-making comprehensive derivatives trading platform. Utilizing its patented FlyLeopard AI technology, UbitEx can analyze real-time news and market strategies to lower investment thresholds and maximize returns. As the first AI-friendly exchange, UbitEx focuses on enhancing every trader’s user experience with cutting-edge AI services. One of the platform’s most notable products is dual token staking, a powerful tool for maximizing user returns.
Trucks wait at the La Lay border gate between Vietnam and Laos. (Photo: VnExpress/Hoang Tao)
Vietnam will construct a 6-kilometer-long conveyor belt to transport coal from Laos. The project, costing around VND 1.5 trillion (USD 58.3 million), aims to transport 30 million metric tons of coal annually.
(left-right) Soukvisan Khinsamone, Deputy Director General of Department of Planning and Cooperation, Ministry of Energy and Mines of Laos together with Dr. Andy Tirta, Head of Corporate Affairs, ASEAN Centre for Energy & Chairman of the 24th ASEAN Energy Business Forum.
The ASEAN Center for Energy (ACE) will be organizing the 24th ASEAN Energy Business Forum (AEBF-24) from 25-27 September 2024 at the Lao National Convention Centre, hosted by the Lao Ministry of Energy and Mines (MEM) as part of the country’s ASEAN Chairmanship.
PADANG, INDONESIA – Media OutReach Newswire – 4 July 2024 – Apical, a leading vegetable oil processor, held a groundbreaking ceremony today at its PT Padang Raya Cakrawala (PRC) facility to mark the construction of a new crude palm oil (CPO) refinery and fractionation plant for cooking oil production. Located in Padang City, West Sumatra, Indonesia, these new plants are set to boost Apical’s production capacity to meet growing demands of both domestic and international markets.
The new plants, scheduled to be completed by 2025, was officiated by the Governor of West Sumatra, Mahyeldi Ansharullah, with Apical’s Director of Social, Security and License, Gunawan Sumargo, in attendance. This expansion represents a major milestone for both Apical and the region. The refinery will have the capacity to process up to 3,500 metric tonnes (MT) of CPO per day, while the cooking oil fractionation plant will have a capacity of 3,000 MT per day.
“We applaud Apical for its investments in Padang. We hope this move will open up more employment opportunities for the community, especially in West Sumatra, while also guaranteeing a stable supply of cooking oil in the region,” said Mahyeldi.
Gunawan further elaborated on the progress of PT PRC’s expansion, “The addition of the new plants marks the beginning of the third stage of our expansion plan which started in 2019. With these new additions, our combined CPO refining capacity at PT PRC will increase to 7,000 MT per day while the capacity for cooking oil fractionation plant will increase to 5,900 MT per day.”
Apical’s decision to add a cooking oil fractionation plant underscores its commitment to growing its downstream business segment, aligning with the Government of the Republic of Indonesia’s agenda of promoting the downstreaming of palm oil. This move solidifies Apical’s role as a critical player in supporting the country’s focus on the palm oil industry.
PT PRC, the largest palm oil refinery in Padang, is a multi-product refinery capable of producing palm olein, stearin, biodiesel and fatty acid. Currently, the refinery has a refining capacity of 1.2 million MT per annum, which will double to 2.4 million MT upon completion of its expansion. Strategically located in West Sumatra, this expanded facility will cater to demands in Indonesia and serves markets in the Middle East, Africa, and the Indian subcontinent region.
Hashtag: #Apical
The issuer is solely responsible for the content of this announcement.
About Apical
Apical is a leading vegetable oil processor with an expanding global footprint. Our vertically integrated mid-stream refining and value-added downstream processing makes us an integral supplier that supports the needs of various industries namely food, feed, oleochemicals and renewable fuel, including sustainable aviation fuel (SAF) which enables a great reduction of CO2 emissions.
With integrated assets in strategic locations spanning Indonesia, China and Spain, Apical operates numerous refineries, oleochemical plants, renewable fuel plants and kernel crushing plants. Through joint ventures and strategic partnerships, Apical also has processing and distribution operations in Brazil, India, Pakistan, Philippines, Middle East, Africa, USA and Vietnam.
Apical’s growth is built on the foundations of sustainability and transparency, and motivated by our strong belief that we can contribute to a circular economy for a more meaningful impact, even as we continue to grow our business and deliver innovative solutions to our customers.
New Venture Enhances Luxury Marina Experiences and Broadens Hospitality Portfolio
ISKANDAR PUTERI, JOHOR, MALAYSIA –Media OutReach Newswire – 4 July 2024 – Tiong Nam Hospitality Group has officially announced its expansion into the marina industry with the addition of a marina to Pinetree Marina & Resort, Puteri Harbour. This strategic move marks a significant milestone for the Group, which has been successfully managing the 107-room resort since 2018.
Pinetree Marina’s strategic location provides effortless access to crucial Southeast Asian maritime corridors, making it an ideal starting point for boaters from Phuket, Langkawi, Pangkor Island, Kota Kinabalu, and Singapore
The newly added public marina currently boasts 76 berths, catering to various vessels. As part of the expansion plans, two additional categories will be introduced: a Private Marina and a Mega Yacht Marina. These upcoming facilities will offer modern, secure berths designed to accommodate a wide range of boats, from small to luxury vessels.
Johnny Lau, Senior General Manager for Tiong Nam Hospitality Group, stated, “This marina is our newest endeavor, reflecting our commitment to excellence and innovation in both the marina and hospitality industries. Its strategic location provides effortless access to crucial Southeast Asian maritime corridors, making it an ideal starting point for boaters from Phuket, Langkawi, Pangkor Island, Kota Kinabalu, and Singapore.”
The marina is situated at coordinates 01° 25.07′ N 103° 39.51′ E, offering members and guests a range of top-tier amenities, including a fuel dock, laundry facilities, shower rooms, buggy transportation, a customs, immigration and quarantine (CIQ) complex, and a marine department office. The berths are equipped with comprehensive 24-hour CCTV security systems and WiFi connectivity, ensuring a safe and comfortable experience.
Tiong Nam Hospitality Group, which also manages Hard Rock Cafe Puteri Harbour, Hard Rock Cafe Ipoh, Fraser Place Puteri Harbour, BRIX KLIA, and the upcoming 1975 Hotel and Avenue, aims to transform Pinetree Marina & Resort into a premier destination for yachting enthusiasts, leisure seekers, and business travelers. This rebranding signifies a fresh identity and a steadfast commitment to providing exceptional experiences, superior service, and top-notch amenities.
The issuer is solely responsible for the content of this announcement.
About Pinetree Marina & Resort Puteri Harbour
Pinetree Marina & Resort Puteri Harbour marks Tiong Nam Hospitality Group’s strategic entry into the marina industry. Nestled along the picturesque Straits of Johor, the public marina currently offers 76 berths, with expansion plans to include Private and Mega Yacht Marinas, each designed to meet diverse yachting needs. Boaters and guests will enjoy an array of top-tier amenities, including a fuel dock, laundry facilities, shower rooms, buggy transportation, a customs, immigration, and quarantine (CIQ) complex, and a marine department office. The berths are also equipped with comprehensive 24-hour CCTV security systems and WiFi connectivity. The well-equipped marina is surrounded by numerous food and beverage outlets, as well as various tourist attractions.
Its resort boasts 107 contemporary apartments in a spectacular 25-floor building. Each room is equipped with a comprehensive kitchenette, laundry room, and Internet TV, ensuring a comfortable stay. The resort offers extensive facilities including a fitness center, swimming pool, sauna, steam room, and a library. For dining, guests can enjoy Bayang Coffee and delicious pastries.
The resort is an ideal venue for meetings and events, with elegant function spaces accommodating up to 200 guests. Its prime location provides easy access to key attractions like Legoland Malaysia, Horizon Hills Golf and Country Club, and Sunway Big Box Retail Park.
Pinetree Marina & Resort Puteri Harbour aims to enrich the community with luxurious yachting and hospitality experiences, making it an ideal venue for events set against Johor’s stunning coastal scenery.